RIYADH: Gas Arabian Services Co. plans to offer 790,000 ordinary shares or 5 percent of its capital, and to list them on the parallel market, NOMU, according to a bourse filing.

FALCOM Financial Services Co. is the Financial Advisor and Lead Manager of the IPO.

Gas Arabian got the approval to list shares on Nomu from the Saudi Stock Exchange, Tadawul, on November 11, 2021.

The company also got approval from the Capital Market Authority on Dec. 1, 2021.

The offering will begin on Sunday January 23, 2022 and will end on Thursday January 27, 2022.

The price of the shares will be determined after the book-building period.